Comps Holding Fairly Steady
September 13, 2011,
NEW YORK - A balance of summer clearance and better Back-to-School spending than a year ago pushed same-stores sales ahead 4.7% during the second week of August, according to the Johnson Redbook.
"As the school year nears, sales appear to be slightly above target year-to-ate, although the impact will be easier to assess next month as consumers are increasingly buying closer to need," said Catlin Levis, Redbook analyst.
Some retailers said hot weather during the week ended August 13 retarded sales of fall merchandise, she added.
Johnson Redbook Index
*Including chain stores and traditional department stores